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It reorganized the Postal Rate Commission, compelled the USPS to pay in advance for the health and retirement benefits of all of its employees for at least 50 years, [4] and stipulated that the price of postage could not increase faster than the rate of inflation. [6] [7] It also mandated the USPS to deliver six days of the week. [8]
Similar bills to the Postal Service Reform Act have been proposed in recent years, but none passed. [7] The Postal Accountability and Enhancement Act (PAEA), passed in 2006, required the USPS to pre-fund benefits for future retirees, and this cost the agency about $5.5 billion annually. [8]
Then, in 2006, the lawmakers saddled the USPS with a unique obligation to pre-fund its retiree health benefits, at a cost of up to $6 billion a year. (The obligation was rescinded in 2022.)
The Postal Accountability and Enhancement Act of 2006 (Public Law 109-435) enacted on December 20, 2006, made several changes to the Postal Regulatory Commission. [2] [3] Besides giving the body its current name, the Postal Accountability and Enhancement Act significantly strengthened the Commission's authority to serve as a counterbalance to new flexibility granted to the USPS in setting ...
A key part of the effort was the Postal Service Reform Act of 2022, which removed the requirement for prefunding of retiree health care benefits, but kept the Postal Service responsible for ...
On January 28, 2009, Postmaster General John E. Potter testified before the Senate [59] that, if the Postal Service could not readjust its payment toward the contractually funding earned employee retiree health benefits, as mandated by the Postal Accountability & Enhancement Act of 2006, [60] the USPS would be forced to consider cutting ...
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